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Apr 19, 2013
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and we'll interview caterpillar's ceo doug oberhelmin. now, we've been talking a lot about the downward movement in precious metals. we're continue tock on the lookout to see what people are doing when it comes to buying gold and silver. well, the largest coin show on the west coast kicks off today, and that's where we find jane wells, taking the pulse of the gold and silver bugs. >> very flashy, very nice. >> reporter: if you want to know how people feel about gold, don't look at the markets, look at the coin shows. >> on the entire floor, we're expecting business in the tens of millions of dollars. >> reporter: at the santa clara county show in the heart of silicon valley, thousands came to buy and sell, mostly buy. >> you see more buying. people interested in buying. >> why? >> they're taking advantage of the dips. >> reporter: kerry is buying. he is a wholesaler whose firm has been involved with big auctions, including one for a rare coin which sold for a record $10 million. what kind of coin is it? >> a 1794 silver dollar. >> for $10
and we'll interview caterpillar's ceo doug oberhelmin. now, we've been talking a lot about the downward movement in precious metals. we're continue tock on the lookout to see what people are doing when it comes to buying gold and silver. well, the largest coin show on the west coast kicks off today, and that's where we find jane wells, taking the pulse of the gold and silver bugs. >> very flashy, very nice. >> reporter: if you want to know how people feel about gold, don't look at...
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Apr 18, 2013
04/13
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CNBC
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yesterday was something similar on caterpillar. yesterday -- >> fedex, same time i liked u.p.s. there's -- kind of fedex maybe spent too much money on asia. if you shen too much money on asia you're not in good shape. i will come back, i will see you daniher and raise you cyprus senate. i will see you fedex and raise you sandisk. union pacific versus csx. there is an excuse issue. union pacific with a remarkable -- coal only down six. if you're involved with coal, you just got coal in your stocking. >> all right. but that's a stock picker's market you're describing. that's actually trying to discern which managements are doing a better job. >> yes with, as opposed to the futures dictating everything. we'll get to pepsico but it was a remarkable quarter. what can i tell you. versus -- coca-cola had a remarkable quarter, too. obviously consumer products have done very well. pepsico is not claiming raw costs going down because they're hedged. many companies could. buffalo wild wings. we don't talk about buffalo wild wings enough. it is kind of like tractor supply and ulta. buffalo
yesterday was something similar on caterpillar. yesterday -- >> fedex, same time i liked u.p.s. there's -- kind of fedex maybe spent too much money on asia. if you shen too much money on asia you're not in good shape. i will come back, i will see you daniher and raise you cyprus senate. i will see you fedex and raise you sandisk. union pacific versus csx. there is an excuse issue. union pacific with a remarkable -- coal only down six. if you're involved with coal, you just got coal in...
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Apr 22, 2013
04/13
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CNBC
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caterpillar rallied but at the end of the day there is not much growth going on. >> howard, same question for you. any of these companies indicate which way we may see them go? >> i think we have seen some of the previews out of china already. sloppy. out of europe it's difficult but not impossible. maybe there is nobody being troubled. >> we will leave it there, men, thank you very much. coming up, my thoughts on the core issues facing apple. stay with us. [ male announcer ] there are people who find their own path. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ >> >> and finally my observation from what we migh
caterpillar rallied but at the end of the day there is not much growth going on. >> howard, same question for you. any of these companies indicate which way we may see them go? >> i think we have seen some of the previews out of china already. sloppy. out of europe it's difficult but not impossible. maybe there is nobody being troubled. >> we will leave it there, men, thank you very much. coming up, my thoughts on the core issues facing apple. stay with us. [ male announcer ]...
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Apr 23, 2013
04/13
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CNBC
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or by caterpillar the day before which absolutely stunk up the joint with its earnings. but it simply wasn't so horrible that the stock could go down anymore. and instead of you turning bad news, it was down so long, it looked up to me. is this the beginning of apple's next big move up? not so fast. here's the good and bad news. there were three components to why apple fell so hard in these last few months. by the way, one of the worst -- top ten worst performers since the year began. the first had to do with an earnings progression that was one of the worst out there with three missed quarters and a host of questions about slowing growth. tim cook, the ceo, made it abundantly clear, both growth and gross margins are slowing. obviously, that's disappointing. but when everyone is looking for a disappointment like with yum or caterpillar, you can do a lot of disappointing and still have your stock do a little bounce. and apple is doing that. second, apple seemed to spurn the social compact so many companies have sought to develop with their shareholders, including kimberly
or by caterpillar the day before which absolutely stunk up the joint with its earnings. but it simply wasn't so horrible that the stock could go down anymore. and instead of you turning bad news, it was down so long, it looked up to me. is this the beginning of apple's next big move up? not so fast. here's the good and bad news. there were three components to why apple fell so hard in these last few months. by the way, one of the worst -- top ten worst performers since the year began. the first...
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Apr 18, 2013
04/13
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CNBC
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but it's not just apple, look at a name like caterpillar. we're at the lowest levels since july on caterpillar. there's the three-month chart. that stock also sitting at the lows for the day. the big story today is going to be ibm. it is one of the reasons the dow is so weak is ibm is down so much. it's at the lows for the day. heavy volume, of course, we'll get earnings after the close. and this is no excuse, there's no pcs here, they got rid of that business nine years ago. what they want to hear about is how the whole i.t. business is doing ex-pc. remember, 60% of their revenues are services, 20% is software. that's going to be the big story, and of course, we get google and microsoft as well. bill and michelle, back to you. >> bill, thank you very much. let's take a closer look at today's market moves here, michelle. >> in today's "closing bell" exchange, we have bill, joe tan tennis, and also warren myers, cnbc market analyst from dme securities. you saw those back and forth numbers that bill did at the top of the show here. it feels li
but it's not just apple, look at a name like caterpillar. we're at the lowest levels since july on caterpillar. there's the three-month chart. that stock also sitting at the lows for the day. the big story today is going to be ibm. it is one of the reasons the dow is so weak is ibm is down so much. it's at the lows for the day. heavy volume, of course, we'll get earnings after the close. and this is no excuse, there's no pcs here, they got rid of that business nine years ago. what they want to...
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Apr 19, 2013
04/13
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cummings engine, it's been a little weak of late, a machinery stock and caterpillar is -- >> the problem with both of those companies is china! they have too much china. got to wait until after they report and then we can take a look at them. no, no, no, roy in florida. roy. >> caller: boo-yah, jim. this is roy from miami, florida. my question today is about ala communications. >> they missed the quarter really bad and it's down so low -- i mean, they missed the quarter bad. and i can't recommend selling into. let's go to joe in michigan. joe?! >> caller: hi, jim, your opinion on the cloud computing area, specifically, salesforce.com. >> now with a split, i think the stock will calm down and i recommend it. i think mark bettyoff is best in show. i know the stock's been rocky and tech's been bad, but i think it's a good stock. let's go to david in ohio. david? >> caller: yes, hello, jim. >> david. >> caller: a big boo-yah to you. >> the same. >> caller: i love your show, watch it every night. >> thank you. >> caller: cpb, campbell's soup. >> they have it together, and we buy campbell soup
cummings engine, it's been a little weak of late, a machinery stock and caterpillar is -- >> the problem with both of those companies is china! they have too much china. got to wait until after they report and then we can take a look at them. no, no, no, roy in florida. roy. >> caller: boo-yah, jim. this is roy from miami, florida. my question today is about ala communications. >> they missed the quarter really bad and it's down so low -- i mean, they missed the quarter bad....
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Apr 16, 2013
04/13
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. >> caterpillar, uniquely involved in mining and that's moving up. i don't trust that. i don't trust that they have the quarter. >> gold corp, barrett gold are all victims of higher finding costs and less gold coming out and the market not that good. i also want to warn people that you have to be careful of the gold royalty trusts because you're a gold mine, you're not going to start a new mine right now. wow, you call your guys and say holy cow, where does it stop? david, you alluded to the etfs, the etfs did not act like -- they were driving gold and that's the tale. i didn't like that. >> watching that gld which is the largest by far was quite something yesterday. >> didn't you realize that all of those worries about the gld not being a real security when you go to the gold dealers? >> it did have that feeling which gets you wondering is there forced liquidation? >> let's not forget these are bought with leverage by certain funds and we don't have the answers right now. >> you even said this morning on twitter as someone who liquidating a client's position. >> i have
. >> caterpillar, uniquely involved in mining and that's moving up. i don't trust that. i don't trust that they have the quarter. >> gold corp, barrett gold are all victims of higher finding costs and less gold coming out and the market not that good. i also want to warn people that you have to be careful of the gold royalty trusts because you're a gold mine, you're not going to start a new mine right now. wow, you call your guys and say holy cow, where does it stop? david, you...
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Apr 22, 2013
04/13
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microsoft and caterpillar leading the dow. we will be back right after this. ♪ . .. [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for theext new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through april 30th. melissa: time for stocks now. as we do every 15 minutes. let's head to the floor of new york stock exchange. our own nicole petallides who has some heavy hitters on the dow for us. nicole? >> you are not kidding, melissa. let's look at names we're taking a look at. luckily for us they're all on the same post. we'll start off with general electric which you see is down 2.25. next to it is caterpillar up 2 1/2%. coming out with numbers for the quarter. i definitely want to focus on caterpillar. their profit fell, but it is interesting and they trimmed full-year guidance but
microsoft and caterpillar leading the dow. we will be back right after this. ♪ . .. [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for theext new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through april 30th. melissa: time for stocks now. as we...
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Apr 17, 2013
04/13
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speaking of the industrials, caterpillar lowering the price from 75 to 95 and from neutral to outperform on concerns about weakness in china. jim, they're calling it a multi-year decline in mining capex, and i'm not sure how that's new. >> this is what happened in 2008 and 2009 and you have credit problems for tat. 8.10 goes to 7.40. is it 12 times earnings and when earnings are coming down, multiples are very slippery things. i think the stock has found footing before 79 and 80. carl, i know you are the man of being able to figure out the calendar. tuesday is keeping its very good performance. >> yes. that was 14 consecutive tuesdays. who knows why? people like to make fun of it. they call it useless numerology. >> when the moon is in the seventh house and it's tuesday. i will point out that the reaction yesterday really gathered steam during the day, and i think the idea that the futures must always key off of europe, they were down at 415. it was nonsense. yes, europe is bad and the car sales are horrendous. if you're ford you have to deal with down 15% over there. look, is bank of am
speaking of the industrials, caterpillar lowering the price from 75 to 95 and from neutral to outperform on concerns about weakness in china. jim, they're calling it a multi-year decline in mining capex, and i'm not sure how that's new. >> this is what happened in 2008 and 2009 and you have credit problems for tat. 8.10 goes to 7.40. is it 12 times earnings and when earnings are coming down, multiples are very slippery things. i think the stock has found footing before 79 and 80. carl, i...
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Apr 24, 2013
04/13
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what would make you want to take a flier onto caterpillar when it's as easy to go into heinz? >> that's so unusual that you would say that when the market is running like this. and there's a lot of -- the search for yield is certainly there. there's certainly more safety in hienz. but i don't think when i look out over the next year or two years to this those will be the outperformers. these rates are not going to move up much. but the global recovery is going to pick up a little steam going into 2014. our economy is going to be better this year. so i think this is where to be from here on out. >> finally, scott, i wonder -- you know, we haven't come up with a name for it yet. whatever happened yesterday. the 1% drop in the middle of the day because of a hacked tweet. are clients responding to that? do you think there will be a hesitance to get into the market? >> i started on the floor at the exchange in 1980. so over 30 plus years i can't tell you how many times headlines have come out on whatever news service and st tok market reacts violently like that. you can't avoid it.
what would make you want to take a flier onto caterpillar when it's as easy to go into heinz? >> that's so unusual that you would say that when the market is running like this. and there's a lot of -- the search for yield is certainly there. there's certainly more safety in hienz. but i don't think when i look out over the next year or two years to this those will be the outperformers. these rates are not going to move up much. but the global recovery is going to pick up a little steam...